bitjoint
Sr. Member
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Activity: 333
Merit: 250
Commander of the Hodl Legions
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November 22, 2013, 10:50:11 AM |
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There's resistance, exciting to see how this will unfold
You already know how this is going to unfold... There's too much buying pressure. I bet this next pump we're going to break the 1k everywhere.
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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November 22, 2013, 10:59:45 AM |
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Someone just posted a huge wall ...
Must be rpietila I will strike when you least expect it. Hint: saturday night. Must be a 1000's coins bear raid then, since price is relentlessy creaping higher.
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kurious
Legendary
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Activity: 2590
Merit: 1643
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November 22, 2013, 11:04:40 AM |
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Anyone here know if Coinfloor will open up the London GBP exchange - was suppose to be 5th Nov, but I think software 'fireworks' screwed it up...
Currently re-evaluating software - but no news just now.
Be good to see a proper London Exchange, will help bring a lot of GBP into the market.
Anyone know any news?
Coinfloor's performance so far has been less than competent, from where im sitting. Shame. Yep - shambolic - but it's so much hassle trading from GBP into BTC and back, surely London must catch up - and it's got easier 'laissez faire" regs than US.... Have you / has anyone used velaexchange?
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gandhibt
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November 22, 2013, 11:22:00 AM |
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There's resistance, exciting to see how this will unfold
You already know how this is going to unfold... There's too much buying pressure. I bet this next pump we're going to break the 1k everywhere. Bears are buying back, that's usually the time when the whales strike if they strike. Price has risen fast and now there's bids to fill whales needs, but yes it is more likely that we're just going to boom to the moon! =)
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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November 22, 2013, 11:34:05 AM |
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Bitcoin loves shakeouts, make it look like it's crashing and then bam it shoots up in the sky and says ''so long suckers''.
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ag@th0s
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November 22, 2013, 11:40:06 AM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
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Mirsad
Full Member
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Activity: 140
Merit: 100
Bitcoin - love & hate
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November 22, 2013, 11:42:58 AM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
No Brainer. Loans for high risk investments are allways for people without a brain.
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ErisDiscordia
Legendary
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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November 22, 2013, 11:43:49 AM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
This is very risky, yet the odds seem to be good. For me, going into any sort of debt, or obligation to get BTC (or anything else, which I don't need for immediate survival) is unacceptable, so I wouldn't do it. I would, however, throw all the free resources, which I can afford to lose without the loss causing financial or emotional damage, at BTC Alternatively, just treat BTC like an experimental savings account. Keep saving a part of your income in it and ride the choo-choo train!
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alexeft
Legendary
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Activity: 854
Merit: 1000
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November 22, 2013, 11:46:02 AM |
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Risto, when do you plan to buy back at a loss - or you already did? (please bear with me ) It is not that simple - "My" holdings are held through multiple organizations, which also have other stockholders, and they all have their different targets for investment allocation. - Then there are arbitrage, OTC, and exchange operations that require fiat capital and are more profitable when there is high volatility, prompting to have more fiat at those times since it generates more BTC as the arbitrages are juicier (while also providing hedge against catastrophic loss when most needed). - Then there is our family target of having a balanced allocation of crypto, precious metals, RE and other. Since crypto is the only one that tends to appreciate, if I sell too much and the price-chasing does not work, the situation corrects itself naturally and soon I am again looking for a new bubble to sell into. => If I make a move, I do it based on thorough analysis (thousands of lines of Excel data and hours of analysis before this one), have considered all the possible outcomes and assessed the probabilities, found a positive expected value (where the value function is a complex aggregate of all the goals of the different actors whose wealth I manage) and a bearable worst case. Then I see how it unfolds, and pocket the profit or loss according to the plan. If bitcoin goes up, it is a profit really, because it opens up new opportunities to influence the world to the better. Also in this case it rewards us with a 7-figure fiat position. If it goes down, then my greatest pleasure is that my market analysis was correct, and I also get to cash out a small amount of fiat, and keep the bitcoin count the same or even slightly increase it. So this is also profit. With bitcoin, you cannot actually lose, that is the beauty of it Oh, please, bear with me too. I can see clearly that you have a very complex way of losing!!!
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maz
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November 22, 2013, 11:53:09 AM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
I have done something similar, I save a few hundred pounds a month and decided instead of saving and buying coins as I go, I would stop saving and take out a loan and put the loan into bitcoin, I just missed the <$150 boat by 3 days otherwise I would have paid off that £10k loan easily. It's cool though, If bitcoin crashes and burns, 10k is something I can handle to repay and learn as a life lesson, especially when the opposite (bitcoin going to da moon) could allow me to retire wealthy within the next 5 years. Risk assessed, accepted, coins purchased.
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Ivanhoe
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November 22, 2013, 11:53:36 AM |
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Nice P-formations forming on Bitstamp
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tonico
Newbie
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Activity: 39
Merit: 0
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November 22, 2013, 12:11:03 PM |
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In March 23 the H price was ~11% above the trendline and today it is ~127%. Bitcoin is a tiger, though.
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Pruden
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November 22, 2013, 12:12:58 PM |
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The crash-talkers worked on the assumption that Bitcoin gains stability with size, therefore -50% would be the new crash, whereas it used to be -80%.
What bears fail to realize is that Bitcoin is more unstable as it gains value.
Therefore, -50% is the new correction.
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ardana123
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November 22, 2013, 12:17:36 PM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol)
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bluemoon
Member
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Activity: 69
Merit: 10
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November 22, 2013, 12:36:16 PM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you have other assets of equivalent value you could liquidate you are not making yourself a debt slave forever, even if bitcoin suffers catastrophic failure. The potential reward remains huge while my gut says the risk of failure is much smaller by comparison, even if I cannot say what that risk is. If you feel underweight in bitcoin, buy some more. To most of us it seems a rare opportunity.
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BldSwtTrs
Legendary
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Activity: 861
Merit: 1010
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November 22, 2013, 12:44:03 PM |
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Monday I executed a wire to Bitstamp and I still don't have anything credited on my Stamp account yet. Am I the only one in this case?
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Sword Smith
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November 22, 2013, 12:46:19 PM |
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Monday I executed a wire at Bitstamp and I still don't have anything credited on my Stamp account yet. Am i the only one in this case?
No.
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fluidjax
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November 22, 2013, 12:47:10 PM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
If you do that you're seriously an idiot. Regardless whether you have a hunch there will be a bitcoin rally, that's something only the biggest idiot would do. You'd beat yourself to death if your plan fails...Maybe people just like to live life on the edge. I like a little risk because traditional investments are too slow for me, so i chose bitcoin. But I'd never take out a loan to invest in something (unless I had insider info or something lol) If you have a mortgage and put some fiat into Bitcoin, You are essentially not paying off your debt by choice and using that money for high risk bitcoin speculation. I should think many people fall into this category. Each month you are paying extra interest charges to invest in bitcoin. It doesn't sound as bad as when you say 'borrowing money to speculate on bitcoin', but essentially it is the same thing.
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ag@th0s
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November 22, 2013, 12:48:20 PM |
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To get a loan - or not to get a loan. That is the question.
I've only got 20% of my savings in BTC at the moment, but that was all the free cash I had and everything is else tied up in tax efficient savings/funds. So if I want to bring more fiat in quickly to catch this rocket I either need to liquidate something or take out a loan. I can get £7.5K @4.9% on a one year loan, with a 2 month payment holiday at the start and no early redemption penalty, which would take BTC up to 50% of my portfolio (poncey word, but you know what I mean). Is this a risk too far - or a no-brainer?
This is very risky, yet the odds seem to be good. For me, going into any sort of debt, or obligation to get BTC (or anything else, which I don't need for immediate survival) is unacceptable, so I wouldn't do it. I would, however, throw all the free resources, which I can afford to lose without the loss causing financial or emotional damage, at BTC Alternatively, just treat BTC like an experimental savings account. Keep saving a part of your income in it and ride the choo-choo train! Funny, cos that was how I was brought up, but I've never had a problem taking out a loan (for a boat or whatever) as long as I'm debt free at the time, which I am at the moment. It would just be a way of speeding things up, with at least the chance that I could return the principal in 2 months at almost no cost.
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